Explore Arbitrum (ARB), a pioneering Ethereum layer-two (L2) scaling solution, designed to enhance the speed, scalability, and cost-efficiency of Ethereum transactions. Utilizing optimistic rollups, Arbitrum not only leverages Ethereum's robust security but also significantly increases transaction throughput and decreases costs by moving most computational and storage demands off-chain. The native token, ARB, plays a crucial role in the Arbitrum Decentralized Autonomous Organization (DAO), empowering holders with governance rights to vote on pivotal protocol upgrades and budget allocations. Arbitrum continues to innovate, with its ambitious layer-three solution, Orbit, and the introduction of Stylus—a new tool supporting advanced programming languages like Rust and C++, further broadening its technological ecosystem and validator community.
1. Create an Account
Visit the Netcoins website and click on the sign-up button. Or download the Netcoins app from the app store for mobile. Enter your email address, create a strong password, and agree to the terms and conditions. You will receive a confirmation email, click on the link to verify your email address.
2. Fund It
Choose your preferred funding method: bank wire transfer, interac e transfer, crypto deposit, or cash deposit. Follow the prompts to transfer funds into your Netcoins account. The process is quick and incurs no fees.
3. Start Trading
Why Buy ARB?
Arbitrum's native token, ARB, offers a compelling investment opportunity for those interested in the future of Ethereum scaling solutions. By holding ARB, investors gain the ability to participate in the governance of the Arbitrum network through the Arbitrum DAO. This means ARB holders can vote on important proposals, influence protocol upgrades, and help shape the future of the ecosystem. Additionally, as Arbitrum continues to gain traction with developers and users, the demand for ARB could increase, potentially boosting its value.
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How Is ARB Unique?
ARB, the native token of the Arbitrum network, stands out as a unique asset within the realm of Ethereum scaling technologies. As the backbone of the Arbitrum DAO, ARB empowers its holders with governance capabilities, enabling them to directly influence the future direction of the network. This participatory approach allows investors to vote on critical updates and strategically guide the allocation of resources, shaping the evolution of the ecosystem. Moreover, ARB’s intrinsic value is closely tied to the adoption and operational success of Arbitrum. As the platform continues to attract a broader base of developers and users, driven by its effective scaling solutions, the potential for ARB's appreciation grows, making it an attractive proposition for stakeholders invested in the future scalability and efficiency of Ethereum.
What Can You Do With ARB?
ARB serves as a governance token within the Arbitrum ecosystem. Holders of ARB can propose and vote on changes to the network, such as protocol upgrades, fund allocation, and the election of a Security Council, which oversees the protocol’s safety and integrity. This governance framework allows users to have a direct impact on the development and future of Arbitrum. Additionally, as the Arbitrum ecosystem grows, ARB holders may find new use cases for the token, such as staking to earn rewards or participating in various DeFi activities on the platform.
How Much ARB Can I Buy?
You don’t need to buy a lot of ARB to get started! Our minimum purchase amount is 6 ARB. Enabling anyone to gain exposure no matter how many dollars they have to invest.
What Blockchain Does ARB Run On?
ARB operates on the Arbitrum network, a layer 2 solution that leverages the Ethereum blockchain for security. Arbitrum uses optimistic rollups to process transactions off-chain, reducing congestion and lowering fees on the Ethereum mainnet. This approach not only enhances transaction speed and cost-efficiency but also retains the security and decentralization of Ethereum. Arbitrum’s own blockchain, known as Arbitrum One, ensures robust performance and scalability, making it an ideal platform for deploying and scaling decentralized applications (dApps).
FAQs
Why is KYC (Verification) required?
Netcoins Inc. is a licensed money service business under FINTRAC, and a registrant under the Provincial Securities Commissions, and adheres to the strict guidelines set by them for Money Transmitter Businesses and Securities Registrants. We are required to have a Know-Your-Client (KYC) process and compliance program in place. KYC is a process that allows us to verify the identity of our customers.
What do I need to provide for your verification process?
You will have to provide your email address, phone number and personal information including your first name, last name, address, date of birth and a piece of identification (like a driver’s license). Most users are verified at this point through our automated process. If you don’t pass the automated KYC process, you will have to go through an additional document verification stage. This is important and required as we are a regulated money service business.
How can I fund my account?
Your Netcoins account can be funded with a crypto deposit, Interac e-Transfer, or a bank wire transfer. Once you have funds in your Netcoins account, you’ll find that it’s super easy to buy ARB in Canada.